Volume 07 Issue 08 August 2024
1Huey Ming Yen , 2Wen Chin Hsiao, 3Miguel Santamaria , 4Wen Cheng Hsiao
1Assistant Professor, Department of Business Administration, Ming Chuan University
2Adjunct Instructor, Department of International Trade, National Pingtung University
3IMBA Student, Department of Business Administration, Ming Chuan University
4Associate Professor, Department of Business Adminis tration, Ming Chuan Unive rsity
DOI : https://doi.org/10.47191/ijsshr/v7-i08-81Google Scholar Download Pdf
ABSTRACT
In this study we analyze the existence of the monthly effect in the Lima Stock Exchange of Peru through investigating the indices of IGBVL, ISBVL, and IPS-15, respectively. The study applies the methodology of the regression model with monthly data. The results indicates that the market anomaly exists and higher returns on investments occurs in October compared with other months of the year from 1999 to 2010.
KEYWORDS:Monthly Effect, Lima Stock Exchange, Regression Model, Market Anomaly
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